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Equus Capital Buys North Dallas Apartments

by multihousingnews.com posted 2weeks ago 13 views
The buyer financed the acquisition of the 245-unit community through a $30.7 million Freddie Mac loan. : Catalyst Urban Development has sold the 245-unit McKinney Village in McKinney, Texas. The new owner is an Equus Capital Partners-managed equity fund, while Madison Apartment Group—the company’s multi-family operating arm—will manage the property. Newmark Knight Frank Executive Managing Director Brian O’Boyle Jr. worked on behalf of the seller. The brokerage’s Executive Managing Director Steve Comly and Associate Eric DeStefano secured acquisition financing for the new owner. The $30.7 million Freddie Mac loan matures in 2030, according to public records.

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